BUSINESS

CNN, Politico and MS NOW sued the Trump administration on Monday after the president banned the three outlets from the White House late last week

Coinbase now allows users to borrow the USDC stablecoin against their bitcoin at a fixed interest rate and repayment date.

Money trouble usually starts with a number you weren’t watching.

For most of 2026, the number everyone watched was crude oil. It spiked after the U.S. and Israel went to war with Iran on Feb. 28.

Then it slid back toward $70 in July and has since climbed back to roughly $100 a barrel.

Gasoline rode the same roller coaster. Regular averaged $4.48 a gallon on Monday, Sept. 21, according to AAA, which stings but still sits below the all-time high of $5.01 set in June 2022.

If that were the whole picture, you could file 2026 under “bad year at the pump” and move on.

The trouble is the other price on the sign, the one most drivers skip. It rarely makes the evening news, and it matters more to your household budget than the gasoline number does.

The fuel that hauls your groceries, harvests your food, and heats homes across the Northeast just broke its own record again.

Diesel averaged a record $6.51 a gallon on Sept. 21, according to AAA data reported by NPR, roughly 76% more than a year ago. The people who run America’s biggest oil companies say this is exactly what a fuel crisis looks like.

Why crude oil stockpiles look normal while diesel sets records

What struck me when I pulled the latest weekly numbers from the Energy Information Administration (EIA) is how calm crude looks. Commercial crude inventories sat one percent above the five-year average for the week ending Sept. 11, according to the Energy Information Administration (EIA).

Distillate inventories, the category that includes diesel and heating oil, were 13% below that same average in the same report. That gap tells you where the real shortage is.

More Energy:

Hormuz closed in February; now France is running dry

Why $5 gasoline is about to force a major holiday shift

Exxon Mobil CFO warns of hidden risks behind oil supply shock

Diesel supply from the Middle East, Russia, and China has dropped sharply, and U.S. refiners have been shipping more overseas to fill the hole. Distillate stocks fell below their normal five-year range in April and should stay below the five-year low through the end of 2026 and most of 2027, according to the EIA’s Short-Term Energy Outlook.

Russia is a big part of that math. Ukrainian drone strikes on its refineries have knocked out diesel that used to flow to Europe, pulling more American barrels across the Atlantic.

Diesel price record exposes a fuel crisis crude oil is hiding.LeoPatrizi / Getty Images

What oil executives mean when they say the fuel crisis is here

American oil executives spent months warning that a long closure of the Strait of Hormuz would eventually turn into a fuel crisis, and now they say it has arrived, reported the Wall Street Journal.

Early in the war, governments released crude from strategic reserves and Washington loosened rules on sanctioned oil stored on tankers. Those tools bought time, but not much more.

“Those have largely now played out, and we don’t have nearly the buffers in the system that we did when it began,” Chevron (CVX) CEO Mike Wirth said at a University of Texas at Austin energy conference on Friday, Sept. 11, according to the Journal.

Related: JPMorgan sends stark warning on $100 oil

Then the last big workaround broke. Attacks shut Saudi Arabia’s East-West pipeline, which let crude bypass Hormuz, stranding at least 2.5 million barrels a day, according to analyst estimates cited by the Journal.

U.S. refiners can’t simply run harder to close the gap. They were already running at 96.8% of capacity in the week ending Sept. 11, according to the EIA, with fall maintenance season next.

The administration reads the situation differently. Interior Secretary Doug Burgum has called the disruption temporary and rejected talk of banning refined-fuel exports, the Journal reported.

How record diesel prices reach your grocery bill

You may never pump diesel, but you pay for it constantly. Trucks, trains, tractors, and construction equipment run on it, and every business in that chain passes the cost along.

The warning signs showed up early this month. “Diesel prices could climb even faster in the wake of the new refinery attacks,” Patrick De Haan, head of petroleum analysis, said in a weekly price update from GasBuddy.

On the farm, the damage is already on the invoice. John Boyd Jr., a fourth-generation farmer in southwest Virginia, paid roughly $1,000 to fill his tractor in the middle of corn harvest, reported NPR.

“I’m having to come up with money that’s really not in the budget,” Boyd, president of the National Black Farmers Association, told NPR’s Morning Edition.

Here’s where the diesel squeeze stands right now:

The national average hit $6.51 a gallon on Sept. 21, versus $3.69 a year earlier, according to AAA.

California drivers pay the most, at $8.42 a gallon, according to AAA.

Texas is the only state below $6, at $5.97 a gallon, according to AAA.

Distillate supplies are running 13% below the five-year average, according to the EIA.

I ran the numbers on a common diesel pickup with a 30-gallon tank. A fill-up that cost about $111 a year ago now runs about $195, an extra $85 every time the needle hits empty.

For a long-haul trucker, the math gets ugly fast. In my analysis, a heavy rig burning a rough 15,000 gallons a year now costs about $42,000 more to fuel than it did last September.

Somebody covers that bill. Usually it’s you, a few weeks later, at the checkout line.

What the diesel crunch means for your budget and your portfolio

The lag is what catches families off guard. Freight surcharges and delivery fees adjust after fuel does, so I expect September’s spike to keep showing up on shelves well into the holidays.

That timing matters most on a fixed income. The 2027 Social Security cost-of-living adjustment (COLA) is built on inflation data that won’t capture this fall’s freight pass-through, so retirees may see the raise eaten before it arrives.

If you heat with oil, call your dealer now and ask about budget plans or price caps, since heating oil comes out of the same tight distillate barrel.

Build a cushion into your grocery budget through year-end, too, rather than betting on relief in October.

For investors, the split is simple. Producers such as Chevron collect more from $100 crude, while trucking companies, airlines, and retailers absorb the higher fuel bill, and many will pass it to you.

Why diesel is the fuel price to watch into the midterms

The Trump administration has repeatedly promised that pump prices will come down, the Journal reported. Oil executives are saying the tools that could deliver that relief are mostly spent.

The next checkpoints are the EIA’s October outlook on Oct. 6 and the midterm elections on Nov. 3.

Until distillate inventories stop shrinking, diesel is the most honest scoreboard this crisis has.

If you want to know what this crisis will cost you, skip the crude chart and check the diesel price on your way home.

Related: Crude oil is falling, but when will pump relief arrive?

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.

Why we love this deal

As good as the sun can feel, those strong rays can cause you to overheat quite quickly, and long-term exposure to sun isn’t always great for your skin. While a little Vitamin D can help calcium absorption, regulate your immune system, and boost your mood, it’s best to take sun exposure in moderation, and ensuring that you have the proper shade to get out of the sun once you soak up a solid 30 minutes is an easy way to make sure you can still enjoy the outdoors even when the sun is at its strongest. Umbrellas are always a good go-to option, but tents, gazebos, and canopies, like the Gojooasis Outdoor Canopy Tent, provide more coverage compared to the standard umbrella and can even be sturdier long term especially with how unpredictable the weather can be.

Although that extra shade coverage can come at a cost, right now, Walmart is selling the $160 Gojooasis Outdoor Canopy Tent on sale for 49% off. The bestselling gazebo is only $82 with a limited-time sale, and with autumn weather being perfect for relaxing outside, there’s no better time to add one to your outdoor area. 

Gojooasis Outdoor Canopy Tent, $82 (was $160) at Walmart

Courtesy of Walmart

Shop at Walmart

Why do shoppers love it?

Although umbrellas are more ideal when you’re working with a limited yard or deck, canopies are the ideal option when you don’t have to worry about space. This tent measures 10 feet by 10 feet and provides 100 square feet of shade coverage. The four-legged frame evenly distributed the weight of the canopy, so no one area is receiving too much strain, and it is that design that provides an evenly shaded area for the folks sitting underneath it.

The metal framework is made with powder-coated steel, which not only ensures sturdiness and strength during windy or rainy conditions, but it provides long-lasting durability that will last you multiple seasons and years. The powder-coating protects the metal from the elements, and makes sure that moisture and humidity don’t deteriorate the framework over time. It prevents chipping, scratching, and fading, and it resists rust and corrosion. The canopy overhead itself is made with 160g polyester fabric with a polyacrylate (PA) coating that, although super light and air, is waterproof and UV-blocking, and it’s built to withstand wind. It has a special ventilation design that allows wind to flow smoothly in and around the canopy, maintain air circulation so that you stay cool when you’re sitting underneath but also providing stability when conditions pick up. It can withstand winds up to 10.8 miles per hour. You won’t have to worry about shaking or wobbling thanks to the special ventilation design, and thanks to the extra drainage holes, you don’t have to worry about water weighing down the top. Rain quickly drains, preventing an extra pressure or strain on the canopy in wet conditions. 

Related: Amazon is selling a pop-up canopy with removable sidewalls for $79

Perfect for patios, pool decks, and large grassy areas, another nice extra feature is the removable sidewalls which provide protection against bugs and insects and also offer more privacy. You can attach them or remove them with easy-to-use zippers. 

What to expect from a $82 outdoor canopy Pros and cons

Pros

Wind-resistant: The special ventilation design ensures proper air circulation and allows the canopy to remain sturdy and upright in winds up to 10.8 mph. 

Waterproof and UV-resistent: The fabric canopy top protects against water and UV rays without deteriorating the quality of said fabric. 

Protects against bugs: The removable side panels provide privacy and protection against gnats, flies, mosquitos, and other insects. 

Cons

Assembly can be difficult: Some shoppers say that the tent can take hours to put together. 

Many shoppers have found that the canopy exceeds their expectations, and it provides a really relaxing space even when the sun has set and shade is not an issue. The side panels are helpful at keeping flies and mosquitos away, especially when there is food around, and it holds up tremendously well in stormy conditions. 

Shop more deals 

Ainfox Outdoor Patio Pop Up Canopy Gazebo, $94 (was $190) at Walmart

Lausaint Home Outdoor Patio Gazebo, $200 (was $300) at Walmart

Enjoy the warmth of the sun as well as the cooling shade thanks to the Gojooasis Outdoor Canopy Tent. Whatever the weather, it can stand up strong and protect you no matter what.

The upgrade could activate Oct. 5, letting businesses give another account limited powers such as making payments or approving customers without handing over full control.

The world of business events has changed — permanently. The question isn’t whether to use virtual events; it’s how to use them effectively.

Leadership lessons don’t just come from boardrooms. Here’s what community spaces can teach organizations about building trust, stronger teams and lasting influence.

Takuma Inoue and Tenshin Nasukawa meet again Sept. 27 at Toyota Arena in Tokyo. Full card, start times, ring walks and how to watch on DAZN and Prime Video.

CNN, Politico and MS NOW sued the Trump administration on Monday after the president banned the three outlets from the White House late last week

Alpenglow would let exchanges, bridges and merchants treat payments as irreversible almost immediately.